XRP Price Prediction: As Grayscale Files For A Spot XRP ETF, This Crypto Wallet ICO Closes On $9M
The XRP price edged down a fraction of a percent in the last 24 hours to trade at $3.09 as of 2:26 a.m. EST on trading volume that dropped 34% to $4.2 billion. This comes as Grayscale applies to the US Securities and Exchange Commission (SEC) to change its XRP Trust into an exchange-traded fund (ETF). The firm’s justification for seeking to convert the trust into an ETF is that such a product would give investors greater access to the Ripple token without the cost and complexity of directly buying the asset. 🚨🚨🚨 HUGE 👉🏻 @NYSE 19b-4 filed to convert @Grayscale $XRP Trust to a Spot ETF. The best is yet to come.. 🥂🫡 pic.twitter.com/DVOlW5hf4X — 𝟸𝟺𝙷𝚁𝚂𝙲𝚁𝚈𝙿𝚃𝙾 (@24hrscrypto1) January 30, 2025 With the filing, Grayscale now joins other asset management firms like CoinShare...